Amerigo Resources (OTCMKTS:ARREF) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Amerigo Resources Ltd. (OTCMKTS:ARREF) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.27 and traded as low as $1.20. Amerigo Resources shares last traded at $1.20, with a volume of 16,958 shares.

Amerigo Resources Stock Performance

The stock’s fifty day simple moving average is $1.27 and its 200-day simple moving average is $1.22. The company has a quick ratio of 0.80, a current ratio of 0.91 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $197.25 million, a PE ratio of 9.23, a PEG ratio of 0.30 and a beta of 2.55.

Amerigo Resources (OTCMKTS:ARREF) last posted its earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). Amerigo Resources had a net margin of 11.23% and a return on equity of 19.30%. The business had revenue of $50.80 million for the quarter, compared to analysts’ expectations of $53.20 million. On average, research analysts predict that Amerigo Resources Ltd. will post 0.14 earnings per share for the current fiscal year.

Amerigo Resources Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were issued a dividend of $0.0209 per share. This represents a yield of 6.75%. The ex-dividend date was Thursday, March 6th. Amerigo Resources’s dividend payout ratio (DPR) is presently 61.54%.

Amerigo Resources Company Profile

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, engages in the production and sale of copper and molybdenum concentrates from Codelco's El Teniente underground mine in Chile. The company was formerly known as Golden Temple Mining Corp. and changed its name to Amerigo Resources Ltd.